AX Real Estate (MAL:AXR) Long-Term Capital Lease Obligation : €0.37 Mil (As of Oct. 2023)

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What is AX Real Estate Long-Term Capital Lease Obligation?

AX Real Estate's Long-Term Capital Lease Obligation for the quarter that ended in Oct. 2023 was €0.37 Mil.

AX Real Estate's quarterly Long-Term Capital Lease Obligation stayed the same from Oct. 2022 (€0.00 Mil) to Apr. 2023 (€0.00 Mil) but then increased from Apr. 2023 (€0.00 Mil) to Oct. 2023 (€0.37 Mil).

AX Real Estate's annual Long-Term Capital Lease Obligation stayed the same from Oct. 2021 (€0.00 Mil) to Oct. 2022 (€0.00 Mil) but then increased from Oct. 2022 (€0.00 Mil) to Oct. 2023 (€0.37 Mil).

AX Real Estate Long-Term Capital Lease Obligation Historical Data

The historical data trend for AX Real Estate's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AX Real Estate Long-Term Capital Lease Obligation Chart

AX Real Estate Annual Data

Trend

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

0.37

AX Real Estate Semi-Annual Data
	Oct21	Apr22	Oct22	Apr23	Oct23
Long-Term Capital Lease Obligation	-	-	-	-	0.37

AX Real Estate (MAL:AXR) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

AX Real Estate Long-Term Capital Lease Obligation Related Terms

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AX Real Estate (MAL:AXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AX Real Estate PLC (MAL:AXR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

AX Business Centre, Triq Id-Difiza Civili, Mosta, MLT, MST 1741

Website

https://www.axrealestate.mt

AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. The company's portfolio includes warehouses, an office block at Hardrocks Industrial Park, as well as an office block at Falcon House. On the other hand, its subsidiaries own a range of properties and developments, such as the Suncrest Hotels, the Royal Hotels, St. John's Boutique Hotel and Palazzo Merkanti Leisure, as well as Central Leisure Developments, Simblija Developments, Heritage Developments and Skyline Developments.